myanmar - Real Estate

Mandalay revokes Permits for 57 Apartments over Nonpayment

The Mandalay government has revoked the permits for the sale of 57 apartments under the government affordable housing programme after those who were given the rights to buy these units failed to make payment after one year.
Date: 13 August 2018; Type: Legal News; Source: Myanmar Times

No 100 per cent Foreign Ownership in Real Estate

Foreigners will not be allowed to own 100 percent in any real estate business in Myanmar, according to a draft Real Estate Service Law, but they can be allowed to go into partnership with citizens, U Aung Tun, vice chairman of the Myanmar Real Estate Services Development Association, said.
Date: 08 August 2018; Type: Legal News; Source: Myanmar Times

Bill to regulate Real Estate Brokers open to Public

A real estate bill which includes legislation to regulate dealings between brokers and their customers was made open for public comment by the Union Parliament this month.
Date: 26 June 2018; Type: Legal News; Source: Myanmar Times

Court rules in Favour of MEC, deals a Blow to Farmer Land Rights

A Myanmar court yesterday ruled in favour of the Myanmar Economic Corporation (MEC) in a land rights case between the Tatmadaw-linked organisation and 33 farmers inhabiting land near the Thilawa Special Economic Zone (SEZ). An NGO commented that the ruling represents a blow to the land rights of farmers and is “a continuation of the long hist ...
Date: 08 May 2018; Type: Legal News; Source: Myanmar Times

Mandalay Government to seize Idle Farmland

Special teams have been formed to confiscate vacant, fallow and virgin land in seven districts of Mandalay Region on which farming still hasn’t started four years after they were approved for cultivation, said the regional government.
Date: 11 April 2018; Type: Legal News; Source: Myanmar Times

Draft YCDC Law to drive Yangon Growth submitted in Parliament

Yangon’s leaders want to upgrade and promote the city as a business hub for the country. Last week, its mayor, U Maung Maung Soe, submitted draft legislation for the governing and development of the city to the Yangon Regional Parliament.
Date: 08 February 2018; Type: Legal News; Source: Myanmar Times

Parliament warns Urban Planners to follow the Law

A legislator has asked parliament to conduct a systematic review of all urban planning projects to determine if they are following the law.
Date: 06 February 2018; Type: Legal News; Source: Myanmar Times

Construction Sector under threat from High Tax, Interest Rates

Unreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, Vice Chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday.
Date: 29 January 2018; Type: Legal News; Source: Myanmar Times

Yangon City Development Law under fire before Enactment

After six months of redrafting and deliberation, Yangon will lay down the latest version of the Yangon City Development Law very soon, Yangon Hluttaw bill committee chair U Thein Myint told The Myanmar Times.
Date: 19 December 2017; Type: Legal News; Source: Myanmar Times

New Condominium Rules allow More Flexibility for Foreigners

Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of the Condominium Law, which was approved last year.
Date: 16 December 2017; Type: Legal News; Source: Myanmar Times

Draft Condominium Bylaw to be ready in Two Months

The condominium bylaw which is currently being drafted will be enacted soon, and it will include the right for the buyers to be connected to banks and purchase with an instalment system, said U Min Htein, director general of the Department of Urban and Housing Development (DUHD) under the Ministry of Construction.
Date: 23 August 2017; Type: Legal News; Source: Myanmar Times

Speaker warns Ministry about issuing of Land-use Certificates

The Department of Agricultural Farmland Management and Statistics, which issues land-use certificates to farmers, is not following proper procedures, Pyithu Hluttaw Speaker U Win Myint warned the ministry that supervises the department.
Date: 10 August 2017; Type: Legal News; Source: Myanmar Times

Mandalay targets Rental Agreement Violations

The government will take action against rental housings residents in the western part of Mandalay who sublet or resell their units, said Mandalay Mayor Ye Lwin.
Date: 11 July 2017; Type: Legal News; Source: Myanmar Times

Land Rights Major Risk for EU-Myanmar IPA

As EU-Myanmar Investment Protection Agreement (IPA) negotiations entered the fifth round, a report released by ACT-Alliance on the potential risks and opportunities of the agreement has named Myanmar’s widespread land conflicts, land-related human rights, the need for policy space and limited institutional capacity as major obstacles to the f ...
Date: 12 May 2017; Type: Legal News; Source: Myanmar Times

Locals to protest against Land, Compensation Issues

Local residents living near the Sabeitaung and Kyesintaung copper mines of Monywa township, will launch a protest on April 26 to demand a quick resolution to the issue of confiscated lands and compensation.
Date: 24 April 2017; Type: Legal News; Source: Myanmar Times

Court for Unlicensed Rental of Properties

MANDALAY property owners have been warned that from July onwards, those who rent out their premises without a house rental business license, will be taken to court.
Date: 17 March 2017; Type: Legal News; Source: Myanmar Times

Mandalay Farmers want Lawsuits over Seized Land withdrawn

Farmers in Mandalay Region facing court cases over land seizures want the regional government to withdraw the lawsuits and return the land to them.
Date: 27 February 2017; Type: Legal News; Source: Myanmar Times

Two Laws to be amended to solve Land Disputes

To resolve disputes over confiscated lands and to streamline the process of returning them to the rightful owners, the Union government will amend two land-related laws, said Dr Aung Thu, Union Minister for Agriculture, Livestock and Irrigation.
Date: 14 February 2017; Type: Legal News; Source: Myanmar Times

Disputes delaying Return of Land in Mandalay

Ownership disputes in Pyin Oo Lwin township, Mandalay Region have been delaying the return of farmlands which were previously confiscated for government projects.
Date: 07 February 2017; Type: Legal News; Source: Myanmar Times

Consultation on Investment Rules highlights Land Issues

A public consultation on the regulations that will accompany Myanmar’s new investment law threw the spotlight onto the country’s complicated land legislation once again. But although they acknowledge the barriers that land rules present to potential investors, officials in charge of the investment law regulations say there is little the ...
Date: 30 January 2017; Type: Legal News; Source: Myanmar Times

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